1. ISS Recommends Google Shareholders Withhold Vote for Three Directors

    ISS Recommends Google Shareholders Withhold Vote for Three Directors

    (Reuters) - Proxy adviser Institutional Shareholder Services (ISS) has recommended that Google Inc's shareholders withhold votes for all three directors on the company's compensation committee, saying "mega grants" provided to the executive chairman and chief business officer were "problematic". Google, which holds its annual meeting later on Wednesday, awarded Executive Chairman Eric Schmidt $100 million in restricted stock units last year...

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    1. Although ISS has not identified any major issues regarding the structure of Google's executive compensation in past years, the magnitude of total pay provided to certain executives, paired with a lack of performance criteria and compelling rationale, raises significant concerns.
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